Financial institutions in Egypt
-
NBE raises interest rate by 1% on savings accounts, 0.75% on deposits
Banque Misr may approve a limited increase of the interest rate on short-term savings funds.
-
VAT no longer a salve for Egypt’s ailing economy
The advantage to the government is that a VAT encourages businesses to report on one another, making it harder for them to avoid paying taxes.
-
Egypt's EFG-Hermes to return $122 million to shareholders
EFG Hermes stepped up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais.
-
Fitch affirms Egypt rating at 'B' with stable outlook
Fitch expects general government debt to grow to 90.5 percent of GDP in FY17, on the assumption that the pound will continue to weaken.
-
Egypt's Stock Exchange to cut trading hours during Ramadan
The main market's trading will be preceded by a discovery session starting 9:30am.
-
Egypt targets $60 bln in investment in FY 2016/17
Egypt saw investment worth EGP172 billion ($19.36 billion) in the first half of the current fiscal year, representing 12.9 percent of GDP.
-
Egypt eyes 5.2 pct growth in FY16/17
Tourism receipts, a major source of foreign currency income, were down 66 percent in the first quarter of 2016.
-
NBE studying expansion into Saudi market
Bank collected $500m from foreign currency saving schemes.
-
February banking deposits up by EGP11billion
The private sector accounted for 59.3 percent of the total credit facilities granted by banks to their clients in the period between July and February
-
Egypt's Beltone board agrees to 1 bln pound capital increase
The offering would be made at the nominal value of two pounds per share for the existing shareholders.